TAG Aviation closes down TAG Spain

TAG Aviation is closing TAG Spain its Spanish business and returning its Air Operator Certificate (AOC).

In a letter to employees, the company said that company has lost half of its Spanish managed fleet over the last 18 months and that regulations make it unfavourable to register aircraft in Spain.

“TAG Aviation Europe has announced today that it has made the decision to exit the Spanish market as part of a broader move to consolidate its aircraft operations under a limited number of strategic AOC’s which provide greater advantages to its customers,” said the company in a statement. “While TAG has undertaken business in Spain for many years, the downturn in the Spanish economy, combined with the inflexibility of the regulatory environment, accelerated the company’s decision to terminate activities in the country and deploy its resources in growing markets elsewhere.”

The company is trying to move managed aircraft to other AOCs and also hoping that staff will move to other divisions in Europe. TAG Aviation holds air operator certificates in Hong Kong, Switzerland and the UK.